Sri Lanka, despite its turbulent political past, presents many attractive opportunities for investors, Roman Scott, Managing Director at Calamander Capital said.

"This is a bit of a Cinderella story here because of the ethnic war, people didn't realize that structurally Sri Lanka was a very, very good economy," Scott said.

Unlike many Asian nations, the country is not dependent on exports and is largely consumer and services driven, and has outperformed its regional neighbors with an average growth of 6.5% over the last 6 years, Scott said.

"We reckon there's at least another 2 percentage points of GDP that was taken off because of the war, both the physical effects and confidence effects," he added.

Calamander currently has $5 million invested in Sri Lanka, particularly in the consumer, agribusiness and tourism sectors. The fund hopes to increase the value of the holdings to $30 million by the year-end.